Ethos Technologies, a life insurance platform backed by Sequoia and Accel, went public on the Nasdaq, raising about $200 million alongside its selling shareholders. The company priced its 10.5 million shares at $19 each, the midpoint of its targeted range, securing a valuation of approximately $1.2 billion.
The stock, trading under the ticker "LIFE," had a challenging market debut on January 29, 2026. After opening flat at its $19 IPO price, shares slid during the day, closing down more than 11% at $16.85. The lackluster performance comes despite the company's reported profitability and revenue growth, signaling potential investor caution toward the insurtech sector.